Frankston gives you bayside Melbourne below inner-bayside prices. There's a $1.1 billion hospital rebuild, Peninsula Link and the Mornington Peninsula on the doorstep. House yields run 3.0% to 3.9% depending on the pocket. The Frankston suburb house median is $860,000. We work with investors only, so every Frankston property gets judged on rental demand, cash flow and long-term growth.
We're Australian Property Experts, an investment-only buyers agency on a flat fee with no developer commissions. Our founders Peter and Jody Ly own 18 investment properties, and Peter has bought 300+ for clients across every state.
Frankston beach and pier from Olivers Hill. Photo: Tangerineduel, CC BY-SA 4.0, via Wikimedia Commons
Why Use a Buyers Agent in Frankston?
Frankston has a suburb house median of $860,000 and house yields of 3.0-3.9% depending on suburb. Vacancy sits at 1.11% in postcode 3199. The $1.1 billion hospital redevelopment opened to patients in January 2026. You get the bayside lifestyle without inner-bayside pricing.
Five things that change the result on a Frankston purchase.
01
Peninsula Link Changed Who Buys Here
Since Peninsula Link opened, buyers who never used to look this far south are competing for Frankston stock. Good stock in Frankston North, Seaford and Carrum Downs goes quickly. Being in the agent network across bayside south-east Melbourne is what gets you a look before the listing appears.
02
A $1.1 Billion Hospital Rebuild
The Frankston Hospital redevelopment is the largest health infrastructure investment in Melbourne's south-east. A hospital that size is a permanent employer rather than a construction season. Around it sit the finished Peninsula Link freeway, the station precinct revitalisation and Monash's Peninsula campus.
03
You Never Have to Fly Down
If you live in Sydney, Brisbane or overseas, inspections, due diligence, the negotiation and the run to settlement all move to us. That saves you 40 to 60 hours a purchase and a few airfares.
04
$715,000 to Over $1.25 Million in One LGA
Frankston North gets you in at a $715,000 median with a 3.78% yield. Frankston South is past $1.25 million on premium family demand. Seaford, Carrum Downs and Langwarrin each have their own tenant pool between the two. Each one needs to be judged as its own market.
05
Nobody on the Selling Side Pays Us
No developer, project marketer or selling agent sends us a dollar. We hold no off-the-plan stock of our own either. Projects like the $1.1 billion hospital rebuild attract people selling new stock off the back of them.
Frankston Investment Properties: Where We Buy
We buy where the tenant demand is already proven rather than forecast. In Frankston that means walking distance to the hospital or the station precinct, or a school catchment families actually chase. We stick to established stock across the Frankston LGA and the growth pockets beside it. An older house on a real block leaves you a renovation and a granny flat later, with no developer margin already inside the price.
Every Frankston postcode we track is tighter than Melbourne as a whole. Source: SQM Research, August 2026.
High-Yield Suburbs
The lower-priced half of the LGA, where entry is low enough that the rent covers a real share of the loan.
Frankston North: ~$715K median, ~3.8% yields, lowest entry price of the suburbs listed here
Carrum Downs: ~$830K median, ~3.9% yields, close to Eastlink and industrial employment
Frankston (3199): ~$860K median, ~3.6% yields, walk-up to hospital and station precinct
Seaford: ~$899K median, ~3.7% yields, beachside with direct rail access
Growth-Focused Suburbs
Suburbs positioned for capital growth driven by gentrification, infrastructure and improving amenity.
Frankston South: ~$1.25M median, premium catchment, family demand and long-hold growth
Frankston (central): Benefiting from $1.1B hospital rebuild and station precinct renewal
Greater Mornington Peninsula
The broader peninsula corridor runs from Mount Eliza down to Mornington, Mount Martha and Somerville. It suits investors who want a coastal Melbourne property without paying inner-bayside prices. We also source in Skye, Cranbourne South and Pearcedale, where growth corridor fundamentals spill across the Frankston boundary.
We do not buy everywhere in Frankston. Two tests have to pass. The price needs room in it, and the tenant pool has to be deep enough to refill quickly.
How It Works
Our Frankston Buyers Agency Process
Six steps, shaped by 300+ purchases. Buying in Frankston should run the same way whether it is your first investment property or your ninth.
01
Free Discovery Call (15 mins)
We start with where you want to be in ten years. Then comes what the lender says today and what you can carry in between. If Frankston is the wrong market for that, you hear it on this call and not after an invoice.
02
Strategy Session & Market Analysis
Once you engage us, we go deep into your finances, borrowing capacity and investment objectives. Then we analyse Frankston suburb by suburb. That covers rental yields, growth forecasts and cash flow modelling.
03
Property Search (On & Off-Market)
We search both public listings and our off-market network across the Frankston LGA and peninsula corridor. A shortlist of three to five normally takes two to four weeks to assemble. It depends on what is listing.
04
Due Diligence & Property Reports
Full due diligence including building and pest inspections, comparable sales analysis, and rental appraisals. We also coordinate the section 32 review. You get a complete picture before making any offer.
05
Negotiation & Offer
Recent sales set the ceiling, not the agent's quoted range. Frankston asking prices frequently carry the hospital rebuild in them already. We will not pay twice for the same announcement.
06
Contract to Settlement
After acceptance, the three parties who can delay a settlement get held to one calendar until you have keys and a tenant.
Typical timeline: 6 to 12 weeks. A property already in our off-market network shortens it; an SMSF or trust structure lengthens it.
Who Uses Our Frankston Buyers Agent Service?
First-Time Investors
You're buying your first investment property and like the idea of a bayside suburb under $800K. Most of the work on a first purchase is knowing what to walk away from. We do that part out loud.
Time-Poor Professionals
Doctors, engineers and other professionals who don't have time to research suburbs, inspect properties or negotiate with agents. We handle it all.
Experienced Portfolio Builders
You already hold three to ten or more. Now you're adding bayside Melbourne without paying inner-bayside prices. Rents and yields vary a lot from one pocket to the next across this LGA, so we look at which pockets hold their rent.
Interstate & Overseas Investors
You're based in Sydney, Brisbane, Perth or overseas. You want to buy in Melbourne's bayside corridor without flying down for inspections. We run the whole purchase remotely.
SMSF & Trust Buyers
Fund and trust purchases start with the structure, not the property. Victoria has specific bare trust requirements and we build the timeline around them. Since 10 August 2026 an SMSF can no longer borrow to buy residential property, so a fund purchase now has to come from the balance you already hold.
Renovation & Value-Add Investors
You're after renovation potential in Frankston. Older weatherboards and mid-century brick homes in Frankston, Seaford and Frankston North offer cosmetic renovation upside. Post-reno rental returns are strong.
300+Properties Purchased
86%Off-Market Deals
21%Avg. First‑Year Growth
5.0 Google Rating
Your Buyers Agent
Meet Peter Ly
Co-Founder & Principal Buyers Agent
Peter built his career in accounting, banking and finance before starting Australian Property Experts. He still checks a figure back to where it was published before repeating it.
18 personal investment properties across multiple states
300+ properties purchased for clients across Australia
A career in accounting, banking and finance, with a deep interest in property markets and data
No developer commissions or kickbacks
Peter and Jody own houses, townhouses and units across several states. Peter has built strong relationships with agents across Frankston, the Mornington Peninsula and bayside SE Melbourne. That is what puts a property in front of a client before the rest of the market sees it.
Why Peter Likes Frankston for Investors
Frankston is one of the few bayside Melbourne LGAs where you can still buy a freestanding house under $800K with a direct Metro line to the CBD, and that is the main reason Peter likes it.
Layer on the $1.1 billion hospital rebuild, Peninsula Link, the Monash Peninsula campus and station precinct renewal, and you get a diversified employer base across healthcare, education, trades and logistics. Tenant demand does not sit on one industry. For a buy-and-hold investor, few other parts of bayside Melbourne combine the beach, finished infrastructure and prices this low.
Based in Sydney, buying Australia-wide. Peter services Frankston investors remotely with on-ground inspections and local market knowledge. We coordinate everything from contract to settlement.
Buyers Agent Frankston Fees: What You'll Pay
We charge a clear flat fee based on the scope and complexity of your purchase. No percentage-based fees and no hidden charges.
Standard Investment Property
This covers a single residential investment property in Frankston or the greater peninsula corridor. It includes the strategy session, property search (on and off-market), due diligence, negotiation and settlement coordination.
Complex Purchases
SMSF, family trusts, company structures, or properties requiring development approval or subdivision analysis. The fee reflects the extra due diligence and specialist coordination required.
Portfolio Purchases
Custom Pricing
If you're buying 2-5+ investment properties across Frankston or Victoria, we offer volume pricing. Speak with us about your portfolio strategy.
What's included in our fee
Personalised investment strategy session
Detailed suburb and market analysis
Off-market property search across Frankston and the peninsula
Property inspections (we attend on your behalf)
Building and pest inspection coordination
Full due diligence coordination
Rental appraisal and cash flow modelling
Negotiation and offer management
Contract and section 32 review coordination with your solicitor
Settlement support and property manager introduction
Not included
Building and pest inspection fees (typically $400-$600)
Owners corporation reports ($200-$300 for units)
Solicitor or conveyancer fees (separate and payable directly)
Mortgage broker fees (separate and payable directly)
Why flat fees? Percentage-based fees create a conflict of interest: the more you pay for a property, the more the buyers agent earns. Our flat fee structure means we're incentivised to negotiate the best price, not push you toward expensive properties.
Frankston vs Other Investment Markets: Where Should You Buy?
Investors often ask us: "Should I invest in Frankston, or look at inner Melbourne, Geelong or another bayside corridor?" The answer depends on your strategy, risk tolerance and financial position.
Frankston's Investment Advantages
Rental yields: 3.0-3.9% depending on suburb, against 3.5% for Melbourne houses overall
Entry prices: $715K-$1.25M depending on suburb, against a Melbourne house median of $920,432
Diversified economy: Healthcare, education, trades, logistics, and tourism from the peninsula
Lifestyle draw: Bayside beaches, Mornington Peninsula on the doorstep, direct Metro rail to CBD
Population: 145,369 across the LGA at June 2025, up from 144,291 a year earlier, with strong owner-occupier demand underpinning capital growth
Frankston's Investment Considerations
Suburb selection matters: Frankston North, Frankston central, and Frankston South are very different markets with different tenant profiles
Victorian land tax: VIC has the highest investor land tax burden in Australia, worth modelling against yield before committing
Weighing up Frankston against other markets? We're an investment property buyers agent working across every Australian state. The best market at any point in time is rarely the one you live in. The brief gets built around the numbers, not the postcode. For pricing see our buyers agent fees guide.
Helpful Resources
Background reading for any Frankston investor before booking a discovery call.
A 15 minute call to understand your goals, your budget, and whether Frankston is the right market for what you're trying to build.
Frequently Asked Questions
What is a buyers agent? +
A licensed buyers agent finds, assesses and negotiates a property on behalf of whoever is purchasing it. The selling agent has been engaged by the owner and is paid to lift the price. The two roles pull in opposite directions by design.
How long does a Frankston purchase take? +
Expect six to twelve weeks between engagement and settlement, with the search taking two to four. Finance approval and the settlement period take the rest. Something already sitting in our bayside network shortens it. An SMSF or trust purchase lengthens it, because the structure has to be in place before contracts move.
How much does a buyers agent cost in Frankston? +
A flat fee, fixed before we start and unaffected by what you end up paying. Percentage pricing works the other way. Two per cent of a $715,000 Frankston North purchase is $14,300 plus GST, against $17,980 plus GST on an $899,000 Seaford one, for the same search and the same negotiation. Only you pay us. Building and pest, conveyancing and broking are third-party costs that sit outside our number and go straight to you.
Is Frankston a good place to invest in property? +
Frankston is one of Melbourne's more accessible bayside investment markets. The Frankston suburb house median is $860,000 against $920,432 for Melbourne houses overall, with house yields of 3.0-3.9% depending on suburb. The $1.1 billion Frankston Hospital redevelopment, Peninsula Link freeway and Monash University Peninsula campus support a diversified employment base and steady rental demand across the Frankston LGA.
How will the Frankston Hospital redevelopment affect property prices? +
The $1.1 billion Frankston Hospital redevelopment is the largest health infrastructure investment in Melbourne's south-east. It opened to patients in January 2026 as Peninsula University Hospital. The tower has 12 levels of clinical services, 130 more beds, 15 new operating theatres and new mental health space. A bigger hospital means more permanent healthcare roles, supporting rental demand from nurses, doctors and allied health workers. Combined with the Peninsula Link freeway and Frankston Station revitalisation, it reinforces Frankston as a long-term growth node in bayside SE Melbourne.
